7 Wabash Avenue, Cromer NSW 2099
7 Wabash Avenue, Cromer NSW 2099
748 m² block with 1-bed house | built 1985, pool + solar | flood risk flagged | Cromer school catchment | $880/week rent
It is presented as a genuinely unusual opportunity: a detached house on a substantial 748-square-metre block, configured with only one bedroom. Built in 1985, the property is complemented by a pool, solar power, and four parking spaces, features more typical of a large family home. Placement within the Cromer Public School and Northern Beaches Secondary College catchment is considered an advantage. The modest footprint relative to land size is seen as meaningful renovation or redevelopment potential. The best fit is found among renovators, investors, or buyers seeking land in a quiet suburban street with scope to reconfigure the dwelling.
The flood risk flagged on the property may be expected to influence insurance costs and narrow the buyer pool, which could be reflected in price. The one-bedroom layout might be seen as limiting family demand, yet the land may be valued separately. Pool and solar condition might also be significant. Redevelopment potential is best weighed against the flood overlay.
Detailed Independent Property Report prepared by PropCred Analyst team for 7 Wabash Avenue, Cromer NSW 2099
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk
Execution Risk
2
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Market Insight
Cromer is a Northern Beaches suburb positioned as a more accessible alternative to premium coastal pockets. It attracts families seeking space, schools and proximity to beaches without paying beachfront premiums. Demand is driven by strong owner-occupier appeal and limited supply. Its inland position is a trade-off but not a deterrent. Price growth is steady and consistent, supported by family demand. It sits as a high-performing mid-tier Northern Beaches suburb.
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PropCred Estimated Value
Comparable Sales: 57 Wabash Avenue sold $1.92M Oct 2022 | Listed Price Band: $2.3M–$2.4M | Value Indicator: land size, flood risk, one-bedroom layout
Bedrooms
5
Bathroom
4
Parking
4
Land
748m²
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